EU Green Taxonomy
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EU Green Taxonomy
The EU taxonomy for sustainable activities (i.e. "green taxonomy") is a classification system established to clarify which economic activities are environmentally Sustainability, sustainable, in the context of the European Green Deal. The aim of the taxonomy is to prevent greenwashing and to help investors make informed sustainable investment decisions. The Taxonomy covers activities contributing to six environmental objectives: climate change mitigation, climate change adaptation, the transition to a circular economy, pollution prevention and control, sustainable use and protection of water and marine resources, and protection and restoration of biodiversity and ecosystems. The Taxonomy came into force in July 2020. The UK is working on its own separate taxonomy. General overview The European Union (EU) Taxonomy was implemented as part of the European Green Deal initiatives. The EU launched the European Green Deal in line with the Paris Agreement goals, setting out the objec ...
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European Parliament
The European Parliament (EP) is one of the two legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts European legislation, following a proposal by the European Commission. The Parliament is composed of 720 members (MEPs), after the June 2024 European elections, from a previous 705 MEPs. It represents the second-largest democratic electorate in the world (after the Parliament of India), with an electorate of around 375 million eligible voters in 2024. Since 1979, the Parliament has been directly elected every five years by the citizens of the European Union through universal suffrage. Voter turnout in parliamentary elections decreased each time after 1979 until 2019, when voter turnout increased by eight percentage points, and rose above 50% for the first time since 1994. The voting age is 18 in all EU member states e ...
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